M.P. Evans Group (LON:MPE) Sets New 12-Month High – Should You Buy?

M.P. Evans Group PLC (LON:MPE) shares hit a new 52-week high on Wednesday . The stock traded as high as GBX 1,040 ($12.80) and last traded at GBX 978 ($12.03), with a volume of 31945 shares changing hands. The stock had previously closed at GBX 998 ($12.28).

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group reissued a “buy” rating and issued a GBX 1,250 ($15.38) price target on shares of M.P. Evans Group in a report on Wednesday, September 18th.

M.P. Evans Group Stock Performance

The stock has a market capitalization of £504.77 million, a P/E ratio of 1,017.02 and a beta of 0.69. The company’s fifty day simple moving average is GBX 965.53 and its 200 day simple moving average is GBX 912.04. The company has a current ratio of 1.70, a quick ratio of 1.91 and a debt-to-equity ratio of 8.72.

Insider Activity at M.P. Evans Group

In other M.P. Evans Group news, insider K Chandra Sekaran sold 4,050 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of GBX 920 ($11.32), for a total value of £37,260 ($45,847.18). Over the last quarter, insiders sold 8,850 shares of company stock valued at $8,238,000. Company insiders own 48.63% of the company’s stock.

M.P. Evans Group Company Profile

M.P. Evans Group PLC is a responsible producer of certified sustainable crude palm oil (“CPO”), with plantations in five Indonesian provinces: Aceh, Bangka Belitung, East Kalimantan, North Sumatra and South Sumatra.

Headquartered in the UK, the Group’s shares are traded on the London Stock Exchange’s Alternative Investment Market (“AIM”).